Bitfinex denies role in spooky transfer of $1.37 million in stolen Bitcoin

Stolen Bitfinex BTC Is on the Move

Stolen Bitfinex BTC Is on the Move

U.Today reminds its readers that the security breach, which was experienced by Bitfinex back in 2016, led to more than 744,408 BTC being stolen from the British Virgin Islands-based exchange.

The movements were first spotted by the Whale Alert Twitter account, which essentially tweets whenever a large cryptocurrency transaction is made. A total of six transactions were recorded, totaling 185 BTC, which is now worth about $1.5 million at the time of writing.

The transactions began at 06:00 UTC shart and continued way into the day's evening. At the time, that amount was worth $350 million, but today it's valued at roughly $5.9 billion.

It was one of the best strategies of recovering lost funds that had cost the exchange around $60 million at the time of the hack, but it looks like the exchange was not involved in it as much as people imagine.

Really the Worst X-Men Flick?: Watch The Ultimate Dark Phoenix Debate
This makes sense, although I'm still disappointed McAvoy's "another superhero movie " wasn't, like, Superhero Movie. That's why this movie fails. "Usually, these big, huge action movies have the climactic moment in the third act.

In 2016, Bitfinex suffered a massive security breach that saw hackers successfully steal almost 120,000 BTC, then worth over $66 million.

Hard Fork, the online crypto news publication, speculated that this mysterious movement of Bitfinex's stolen funds was connected to the exchange's recently launched native cryptocurrency, Leo Coin. In fact, the transactions weren't even tied to the procedures outlined in their UNUS SED LEO white paper.

Given the anonymous nature of bitcoin wallets, these moves are the only evidence of hacker activity after the theft. They can be used for forensic analysis by blockchain sleuths but often instead result in money laundering activity to hide the funds' ultimate destination.

Recommended News

  • Welsh secretary Alun Cairns backs Boris Johnson for PM

    Welsh secretary Alun Cairns backs Boris Johnson for PM

    The £39bn settlement would only be paid when there is "greater clarity" about the way forward, he told the Sunday Times . Mr Javid received a boost with an endorsement from Ruth Davidson, the popular leader of the Scottish Conservatives.

    Search underway for woman who fell off cruise ship

    Every passenger on the ship has been searching the waters for her for approx 8 hours. Her husband reported her missing when he woke up, finding she wasn't in the cabin.
    May jobs report: Hiring slowed down in May, just 75,000 jobs added

    May jobs report: Hiring slowed down in May, just 75,000 jobs added

    Economists cautioned that May's job figures cover just one month and that broader trends indicate that hiring remains steady. Employers have added 164,000 jobs per month on average in 2019, compared with 223,000 jobs per month previous year .
  • Michiana to be treated to great view of Jupiter

    Michiana to be treated to great view of Jupiter

    It is also around the time when Jupiter is closest to the Earth, so it will be at its biggest and brightest this month. This month would be a good time to spend some time looking at the night sky, with unique views ready to be unveiled.
    Game, Set and Match podcast: French Open wrap

    Game, Set and Match podcast: French Open wrap

    In her second full season, she won the then-biggest title of her career at the WTA Elite Trophy Zhuhai last November. Tennis legends Rod Laver and Evonne Goolagong Cawley led the tributes.
    Weekend Box Office | 'King of the Monsters' ... and the charts

    Weekend Box Office | 'King of the Monsters' ... and the charts

    That pushes the live-action adaptation of the 1992 animated classic to $185 million here in the states and $261 million globally. Paramount shelled out $40 million to produce the R-rated " Rocketman ", which doesn't shy away from sex, drugs, and rock-n-roll.
  • Trump says tariff threat remains if Mexico falls short on pledges

    Trump says tariff threat remains if Mexico falls short on pledges

    Barcena on whether there was "any kind of agreement by your government to buy agricultural products", an apparent reference to Mr. The "biggest message" from President Donald Trump's tariff strategy toward Mexico was actually directed toward China, Sen.
    Liverpool release new away kit — SNAPPED

    Liverpool release new away kit — SNAPPED

    Liverpool FC's New Balance away kit for 2019-20 has today been revealed - and is on sale right now in club stores and online. The goalkeeper kit, in Irish green with matching socks is engineered in line with the outfield players' jerseys.
    New Zealand ease to victory over Afghanistan

    New Zealand ease to victory over Afghanistan

    The Black Caps celebrate the wicket of Rahmat Shah in their World Cup pool match in Taunton . As a replacement, they named the 18-year old Ikram Ali Khan, who is set to join the team.
  • Iran Says Europe In No Position To Criticize Its Military Capabilities

    President Donald Trump walked away from the JCPOA nuclear accord and Washington has since imposed sweeping sanctions on Iran . In Abu Dhabi, he also sounded a warning to Iran.

    Terrifying 'Blair Witch' game announced for Xbox and PC

    Back in 1999, we all thought that the Blair Witch Project was real and we definitely didn't think about video game tie-ins. Pre-orders are available now, and Xbox Game Pass subscribers will be able to play the full game at launch.
    Ex-Florida Gators captain Tony Joiner charged with murder

    Ex-Florida Gators captain Tony Joiner charged with murder

    He faces second-degree murder charges in the death of Obando, who was 26 at the time. 'I feel stuck, ' she said. Fort Myers police had met with Martinez on Friday to inform her of the arrest warrant they had out for Joiner.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.